Forsta AP Fonden Acquires 1,300 Shares of Omega Healthcare Investors Inc (OHI)
Forsta AP Fonden lifted its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,700 shares of the real estate investment trust’s stock after buying an additional 1,300 shares during the period. Forsta AP Fonden’s holdings in Omega Healthcare Investors were worth $1,209,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in OHI. JOYN Advisors Inc. boosted its stake in shares of Omega Healthcare Investors by 58.4% during the fourth quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 381 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of Omega Healthcare Investors during the first quarter worth about $38,000. Spirit of America Management Corp NY acquired a new stake in shares of Omega Healthcare Investors during the first quarter worth about $38,000. Reilly Financial Advisors LLC boosted its stake in shares of Omega Healthcare Investors by 68.1% during the first quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 402 shares during the period. Finally, Washington Trust Bank boosted its stake in shares of Omega Healthcare Investors by 684.9% during the first quarter. Washington Trust Bank now owns 1,146 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 66.68% of the company’s stock.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the chief financial officer now directly owns 233,326 shares of the company’s stock, valued at $8,633,062. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Daniel J. Booth sold 40,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $36.51, for a total transaction of $1,460,400.00. Following the completion of the transaction, the chief operating officer now directly owns 187,206 shares of the company’s stock, valued at $6,834,891.06. The disclosure for this sale can be found here. Insiders have sold 75,788 shares of company stock valued at $2,810,176 over the last three months. 1.65% of the stock is currently owned by corporate insiders.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.37). The firm had revenue of $188.20 million for the quarter, compared to analysts’ expectations of $190.54 million. Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. As a group, sell-side analysts predict that Omega Healthcare Investors Inc will post 2.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.64 annualized dividend and a yield of 7.21%. Omega Healthcare Investors’s dividend payout ratio is currently 86.84%.
Several research firms recently issued reports on OHI. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. ValuEngine cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Scotiabank began coverage on shares of Omega Healthcare Investors in a report on Thursday, February 7th. They set a “sector perform” rating and a $39.37 price target for the company. Finally, Stifel Nicolaus cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a report on Thursday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $37.05.
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About Omega Healthcare Investors
Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.
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